Zoom Video Communications forecast current-quarter revenue above expectations, as the video-conferencing platform benefits from increased users due to remote work and online learning against the backdrop of broader stay-at-home orders. The company's shares, which more than quadrupled in 2020, rose 9% to $448 in after-market trading on Monday. Video conferencing services such as Zoom stand to benefit from the adoption of hybrid work models by many businesses, part work-from-office and part work-from home, that demand the usage of its platform to stay connected. The company forecast current-quarter revenue between $900 million and $905 million, compared with estimates of $829.2 million, according to IBES Refinitiv data. Zoom users have surged in the past year, as more people used it for socializing, virtual meetings and e-classes. The platform said it has 1,644 customers contributing more than $100,000 in trailing 12 months revenue, more than double from a year earlier. The company reported quarterly revenue of $882.5 million, compared with estimates of $811.8 million. On an adjusted basis, the Zoom earned $1.22 per share, beating estimates of 79 cents per share. REUTERS
ios developer account
buyappleacc.com selling ios developer account for lowest price and best quality, choose us, you will never regret. take one little step with us, you can enjoy the best services.